
“Ned Goodman, founder and chief executive officer of holding company Dundee Corp., shed the last of his bank shares after forecasting global inflation will make investments such as gold stocks and organic beef more rewarding. Goodman, who oversees about C$10 billion ($9.6 billion) for Dundee and its investments in real estate, precious metals, energy and infrastructure, sold the last of the company’s Bank of Nova Scotia shares earlier this quarter. With the U.S. Federal Reserve and other central banks printing money, it’s only a matter of time before currencies lose value and inflation rises, Goodman said.”
http://business.financialpost.com/2013/08/08/ned-goodman-ditches-bank-stocks-for-gold/
Related posts:
Oliver Stone on NSA Spying
S. Korea, U.S. practice occupying N. Korea
Dubai offers gold to fight obesity epidemic
Sony Corporation Using Amazon Servers To Attack Torrent Sites
Gold prices near lows of the year
Megaupload founder Kim Dotcom plans to launch new political party in New Zealand
Egypt police bust baby trafficking ring
Weight Watchers trying to cash in on Obamacare healthy workers initiative
Russia closes 700 schools amid dramatic drop in birth rates
Calgary student, 13, reprimanded for defending his classmate against a knife-wielding bully
NSA surveillance: don't underestimate the extraordinary power of metadata
ECB Said to Expand Covered Bond Purchases From Spain to Germany
Uruguay bans all cash payments over US$5,000 as of next year
Mexico Bill Loosens Restrictions On Foreigners Buying Residential Property
'Civil war' divides families in row over Greek goldmine